Global Cleantech Capital (“GCC”), a growth equity firm based in Amsterdam, is pleased to announce that it has led a EUR 1.5 million Seed round for Coolset, a decarbonization platform for small and medium-sized enterprises. First investor Shamrock Ventures, Horizon, The Sharing Group, and various angels also participated in the round. The investment will allow Coolset to double down on its vision of becoming the one-stop-shop for decarbonization.
Coolset, formerly known as Greencast.io, today launched its new automated decarbonization platform for small and medium-sized enterprises (SMEs). The platform enables SMEs to measure, analyze, reduce, and remove their carbon footprint in just a few weeks, making it an accessible and actionable alternative to hiring expensive consultants or using Excel-based tools.
By 2024, more than 50,000 businesses across Europe will be required to report on their sustainability under the EU Corporate Sustainability Reporting Directive (CSRD). However, current solutions are often complex and tailored to large enterprises, making them unfit to serve 80% of global businesses. Coolset’s platform fills this gap by providing a simple and effective solution that is accessible to those companies.
The funding will be used to hire across engineering, sales, and marketing, as well as to further develop the platform’s features that allow users to plan scenarios, create benchmarks and generate actionable decarbonization strategies across scope 1, 2, and 3.
“The cost-efficient solution is truly unique, and Coolset enables SMEs – which typically are not served by big consultants selling hours – to accelerate their journey towards net zero emissions," says Paul Kloppenborg, CEO at Global Cleantech Capital. “Coolset has the potential to revolutionize the way these companies approach decarbonization, effectively future-proofing the economy of the future. We have been impressed with Coolset’s rapid growth and are thrilled to be a part of their journey.”
“We are thrilled to launch our new automated decarbonization platform and to have secured funding to help us expand our team and accelerate our growth,” said Konstantinos Kouzelis, co-founder and CEO of Coolset. “We believe that businesses will need to deploy digital solutions to advise them on their optimal net-zero pathways, and our platform provides a simple and effective way for SMEs to do this.”
About Global Cleantech Capital
GlobalCleantechCapital is a growth equity firm based in Amsterdam, investing to scale exceptional companies into new market leaders in the clean energy, mobility, smart cities, and fintech sectors in Europe and North America. Investing over USD 900 million, the GCC team has a track record of delivering attractive returns paired with ESG impact. GCC is domiciled in the Netherlands and registered with the Dutch Authority for the Financial Markets (AFM).
Coolset (formerly Greencast.io) is an Amsterdam-based company founded in 2021 by Konstantinos Kouzelis and David Sigley, offering an automated decarbonization platform for SMEs. Coolset uses smart software to enable businesses to accurately measure, understand, and report their climate impact across industries, as well as build a reduction plan through data analytics.